Question 30 of 50 1 Point Mr. Antonio Cruz, a resident citizen, was single when he died. He left properties he inherited two (2) years ago with a current fair market value of P900,000. The property was inherited when it was worth P1,600,000 and had an P875,000 unpaid mortgage. Mr. Ramos paid P575,000 until his death. Other properties of Mr. Cruz had a fair market value of P1,600,000 at the time of his death. The losses, taxes, and transfer for a public purpose is P200,000. How much is the vanishing deduction? Select the correct response: P638,400 P240,000 P957,600 P156,000 < Previous Continue >